Global Maltodextrin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Maltodextrin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Maltodextrin, as a kind of polysaccharide food raw material, is a low conversion product between starch and starch sugar. Amorphous white or yellowish in appearance, free of visible impurities, with a distinctive odor, unsweet or slightly sweet in taste.

Market Overview:

The latest research study on the global Maltodextrin market finds that the global Maltodextrin market reached a value of USD 1174.47 million in 2022. It’s expected that the market will achieve USD 1243.87 million by 2028, exhibiting a CAGR of 0.96% during the forecast period.

Market Opportunities and Drivers

It is estimated that due to increased consumer awareness, increased demand for low-calorie foods, and preference for flavors and other factors, the increase in research and development activities will promote the growth of the maltodextrin market. Increasing focus on the development of cost-effective production techniques has opened avenues for innovation in the maltodextrin area which is expected to create growth opportunities in the maltodextrin market for the industry players. This area has a lot of scope for improvement and innovation. Hence, manufacturers can attain a competitive edge in the market through innovation and technological advancement.

Market Challenges

Maltodextrin, a highly processed powder derived from starchy plants including corn, rice, potatoes and wheat, and it has become ubiquitous in processed food.
But maltodextrin is also one of consumers' least desired ingredients. In a 2019 study examining consumer attitudes toward clean label food and drink from Kerry, maltodextrin was one of the five ingredients consumers most don't want to see in frozen chicken appetizers, for example.
There are a number of alternative foods on the market including guar binding and pectin, which are carbohydrates made from fruits, vegetables and seeds. At the same time, cassava starch and taro starch are one of the alternative thickeners of maltodextrin. In addition, there are several different flavor preservatives. They include sugar alcohols, sorbitol and erythritol, and sweeteners, such as stevia. The benefit of sugar alcohols is that they contain fewer calories than maltodextrin and therefore have less impact on blood sugar levels. Several alternatives are also used to thicken foods, ranging from pectin to arro-starch.

Market Risks

As with other agricultural commodities, prices for corn and potatoes fluctuate because of several complex factors, including adverse regional weather conditions, major wars, oil prices, global currency fluctuations, and market speculation. Fluctuations in upstream raw material prices will affect the production costs of the maltodextrin industry and affect the development of the industry.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview

ADM is one of the major players operating in the Maltodextrin market, holding a share of 9.43% in 2021.

ADM

Archer-Daniels-Midland Company procures, transports, stores, and merchandises agricultural commodities and products. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and wheat. Archer-Daniels-Midland also processes produce products which have primarily two end uses including food or feed ingredients.
On May 12, 2022, ADM, a global leader in nutrition and sustainable solutions, announced it will invest to significantly expand starch production at its Marshall, Minnesota, facility in order to meet fast-growing demand from the food and beverage sectors, and to support the continued expansion of the companys BioSolutions platform.

Matsutani

Matsutani Chemical Industry Co., Ltd. is a leading producer of industrial & specialty food starches and maltodextrins in Asia. Matsutani is a privately held family owned business which employs over 400 people; with over 100 in Research & Development roles.

Segmentation Overview:

Among different product types, MD 20: 15 below Dextrose Equivalent (DE) below 20 segment is anticipated to contribute the largest market share in 2027.

Maltodextrins are glucose chains produced by the hydrolyzation of starch. They are characterized by their degree of polymerization (DP), which indicates the average number of glucose units per chain. Commercially available maltodextrins are typically sold based on dextrose equivalent (DE), which is a measure of the percentage of reducing sugars in the maltodextrin relative to the percentage in glucose (100%). Maltodextrins have average DE values in the approximate range 518. (By definition and regulation, the DE values of maltodextrin products is less than 20.) The degree of sweetness decreases as the DE value decreases.

Application Overview:

By application, the Food & Beverage segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Maltodextrin market covered in Chapter 3:

ADM
Nowamyl
Agrana Group
Ingredion
Tate & Lyle
Zhucheng Xingmao
Avebe
SSSFI-AAA
Qinhuangdao Lihuang
Henan Feitian
Roquette
Zhucheng Dongxiao
Grain Processing Corp
Xiwang
Matsutani
Cargill Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Maltodextrin market from 2018 to 2029 is primarily split into:

MD 10: Dextrose Equivalent (DE)<=10
MD 15: 10below Dextrose Equivalent (DE)<=15
MD 20: 15below Dextrose Equivalent (DE) below 20

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Maltodextrin market from 2018 to 2029 covers:

Food & Beverage
Pharm
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)